AYEU.DE vs. XDEB.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and XDEB.DE (Xtrackers MSCI World Minimum Volatility UCITS ETF 1C) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while XDEB.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, AYEU.DE returned 9.09%/yr vs 6.14%/yr for XDEB.DE. A 0.55 correlation means they provide meaningful diversification when combined. AYEU.DE charges 0.40%/yr vs 0.25%/yr for XDEB.DE.
Performance
AYEU.DE vs. XDEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly higher than XDEB.DE's 5.12% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
XDEB.DE
- 1D
- 0.46%
- 1M
- 3.30%
- 6M
- 6.00%
- YTD
- 5.12%
- 1Y
- 5.90%
- 3Y*
- 7.75%
- 5Y*
- 6.14%
- 10Y*
- 6.93%
AYEU.DE vs. XDEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
XDEB.DE Xtrackers MSCI World Minimum Volatility UCITS ETF 1C | 5.12% | -1.27% | 17.84% | 3.65% | -4.26% | 16.71% |
Correlation
The correlation between AYEU.DE and XDEB.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.55 |
Over the past year, the correlation between AYEU.DE and XDEB.DE has dropped to 0.24 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
AYEU.DE vs. XDEB.DE — Risk / Return Rank
AYEU.DE
XDEB.DE
AYEU.DE vs. XDEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AYEU.DE | XDEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.11 | +1.72 |
| Martin ratioReturn relative to average drawdown | 9.05 | 2.88 | +6.17 |
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Drawdowns
AYEU.DE vs. XDEB.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum XDEB.DE drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and XDEB.DE.
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Drawdown Indicators
| AYEU.DE | XDEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -28.56% | +6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -5.31% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -13.02% | -8.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -13.02% | -9.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.56% | — |
Current DrawdownCurrent decline from peak | -3.25% | -3.41% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -6.78% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.04% | +0.46% |
Volatility
AYEU.DE vs. XDEB.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to Xtrackers MSCI World Minimum Volatility UCITS ETF 1C (XDEB.DE) at 2.06%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than XDEB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | XDEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 2.06% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 5.58% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 7.88% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 10.16% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 12.72% | +3.15% |
AYEU.DE vs. XDEB.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than XDEB.DE's 0.25% expense ratio.
Dividends
AYEU.DE vs. XDEB.DE - Dividend Comparison
Neither AYEU.DE nor XDEB.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEU.DE and XDEB.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEB.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEB.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while XDEB.DE tracks MSCI ACWI NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.40% for AYEU.DE and 0.25% for XDEB.DE.
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